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Monday, July 1, 2019


 
Minimum Wage Rate Rises to $10 for Most Businesses
On July 1, the first phase of the $15 minimum wage law goes into effect; the minimum wage rises to $10 per hour (from $8.85) for most businesses in New Jersey.

Businesses that are seasonal, small (defined as less than six employees) or employee agricultural workers are exempt from this increase.

On January 1, 2020 the minimum wage rate will increase again for most businesses to $11 per hour. After that, the minimum wage will increase by $1 per hour every January 1 until it reaches $15 per hour on January 1, 2024. All increases are tied to the Consumer Price Index (CPI), meaning that they will likely be higher than anticipated each year.

If you have any questions, please contact Christina M. Renna, Senior Vice President atcrenna@chambersnj.com.

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